Browsing Tag

economy

Loves Park suspends road projects amid COVID-19 uncertainty

By Jim Hagerty Reporter LOVES PARK- The City of Loves Park is halting a project to reconstruct a portion of River Lane and suspending its annual residential road resurfacing plan because of coronavirus shutdowns. "The pandemic has put many of our friends, businesses and residents in financial distress," Community Development & Public Works Director Steve Thompson said in an email. "The City is no different. The ordered closure of many of our retail tax generating business partners is…

Trump signs $484 billion hospital bill

By Andrew Taylor, Alan Fram and Kevin Freking Associated Press WASHINGTON (AP) — President Donald Trump signed a $484 billion bill Friday to aid employers and hospitals under stress from the coronavirus pandemic that has killed more than 50,000 Americans and devastated broad swaths of the economy. The bill is the latest effort by the federal government to help keep afloat businesses that have had to close or dramatically alter their operations as states try to slow the spread of the…

Illinois’ stay at home order will be extended to May 30 with modifications

By Jim Hagerty Reporter CHICAGO - Gov. J.B. Pritzker onThursday announced that he will extend the statewide stay-at-home order until May 30 with a number of adjustments. Under the new order, nonessential retail businesses may offer pickup, curbside service and delivery. Hospitals may resume some elective procedures and surgeries that were canceled as the result the pandemic. However, medical centers must meet certain criteria, and keep enough beds open for possible COVID-19 surges.…

State Republicans join push to re-open Illinois economy

By John O'Connor AP Political Writer SPRINGFIELD, Ill. (AP) — Illinois House Republicans on are suggesting ways to slowly reopen businesses and relax restrictions on public interaction as the threat from COVID-19 potentially recedes.  With Gov. J.B. Pritzker's stay-at-home order scheduled to expire April 30, GOP lawmakers are seeking relief for a devastated economy and frustrated constituents. Rep. Mark Batinick of Plainfield said Tuesday he hoped their proposed modifications would get…

Tyson shutters Iowa pork plant amid coronavirus downturn

By Ryan J. Foley Associated Press IOWA CITY, Iowa (AP) — Tyson Foods suspended operations Wednesday at an Iowa plant that is critical to the nation's pork supply but had been blamed for fueling a massive coronavirus outbreak in the community. The company said the indefinite closure of the Waterloo, Iowa, plant would deny a vital market to hog farmers and further disrupt the nation's meat supply. Tyson had kept the facility, its largest pork plant, open in recent days over the objections…

Mayor Tom McNamara announces COVID-19 working groups, calls for slow reopening

By Jim Hagerty Reporter ROCKFORD - Rockford Mayor Tom McNamara on Monday announced that he is assembling working groups to help him wade through the aftermath of the coronavirus pandemic. McNamara said the 10 groups of local experts and thought leaders will be tasked largely with advising city officials on how to restart the local economy once COVID-19 restrictions are lifted. "(They) will advise our city staff and City Council, and make our hopes of a quick recovery into a reality,"…

Georgia ready to reopen some businesses this week

By Jeff Amy Associated Press ATLANTA (AP) — Georgia's governor announced plans Monday to restart the state's economy before the end of the week, saying many businesses that closed to mitigate the spread of the coronavirus could reopen as early as Friday. The governor in neighboring Tennessee planned to let businesses in most of his state begin reopening as soon as next week. Georgia's timetable, one of the most aggressive in the nation, would allow gyms, hair salons, bowling alleys and…

Official: Virus dangerous for meatpackers

By Stephen Groves Associated Press SIOUX FALLS, S.D. (AP) — Kulule Amosa's husband earns $17.70 an hour at a South Dakota pork plant doing a job so physically demanding it can only be performed in 30-minute increments. After each shift last week, he left exhausted as usual — but he didn't want to go home. He was scared he would infect his pregnant wife with the coronavirus — so much so that when he pulled into the parking lot of their apartment building, he would call Amosa to tell her he…

Stocks rally a day after Trump announces ‘Opening Up America Again’ guidelines

By Stan Choe, Damian J. Troise an Alex Veiga AP Business Writers NEW YORK (AP) — In Wall Street's tug of war between hope and pessimism about the coronavirus pandemic, hope is fighting back. U.S. stocks joined a worldwide rally Friday and closed out their first back-to-back weekly gain since the market began selling off two months ago. The S&P 500 jumped 2.7% for the day, following up on even bigger gains in Europe and Asia. Investors latched onto several strands of hope about…

Pandemic: Jobless numbers climb as Trump pushes to reopen the economy

By Christoper Rugaber and Lori Hinnant Associated Press WASHINGTON (AP) — The ranks of America's unemployed swelled toward Great Depression-era levels Thursday, and President Donald Trump reacted to the pressure on the economy by outlining a phased approach to reopening parts of the country where the coronavirus is being brought under control. Under the plan, outlined in a call with the nation's governors, Trump will ease his social-distancing guidelines to allow states to start getting…

Officials: Reopening requires ‘thousands’ more US health care workers

By Carla K. Johnson and Mike Stobbe Associated Press SEATTLE (AP) — Before stay-at-home orders are lifted, the nation's public health agencies want to be ready to douse any new sparks of coronavirus infection — a task they say could require tens of thousands more investigators to call people who test positive, track down their contacts and get them into quarantine. Without the extra help, officials insist, states cannot possibly be ready to resume normal everyday activities, and some…

Best Buy to furlough 51K workers amid coronavirus pandemic

By Jim Hagerty Reporter MINNEAPOLIS - Best Buy, beginning, April 19, will temporarily furlough around 51,000 hourly store employees and almost all part-time workers, the electronic retailer announced Wednesday, April 15. Furloughed employees will retain health benefits at no cost for a minimum of three months. The company says it will retain approximately 82% of its full-time store and field employees on its payroll, including the majority of In-Home Advisors and Geek Squad Agents.…

Stocks sink in wake of grim economic news

By Stan Chow, Alex Veiga and Damian J. Troise AP Business Writers NEW YORK (AP) — Stocks swung back down Wednesday after more signs piled up of the economic damage being caused by the coronavirus outbreak. Markets have been stuck cycling between fear and budding optimism in recent weeks as investors try to guess how long and deep the looming recession will be, with the switch often flipping overnight or even within the same day.  Economists have been slashing forecasts in advance of…

Trump backs off on ‘total authority’ to re-open states

By Jill Colvin and Zeke Miller Associated Press WASHINGTON (AP) — President Donald Trump said Tuesday he's open to some states "reopening" before federal social distancing guidelines expire at the end of month, as he appeared to back off his claim of absolute authority to decide when the time was right to act. Hours after suggesting that the bipartisan concerns of governors about his assertion of power would amount to an insurrection, Trump abruptly reversed course — in substance, if not…

Comptroller: Illinois has spent $174M on COVID-19 response

By John O'Connor AP Political Writer SPRINGFIELD, Ill. (AP) — Illinois has paid $174 million for medicine and protective equipment to slow the spread of COVID-19 in the past month, according to data released Tuesday.  Comptroller Susana Mendoza debuted an online portal identifying each expenditure  since Gov. J.B. Pritzker's March 9 disaster declaration, which allows his administration to coordinate with state partners and federal agencies in buying equipment and supplies.  As of…